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Why are nuclear power construction costs so high? Part I

Nuclear power currently makes up slightly less than 20% of the total electricity produced in the US, largely from plants built in the 70s and 80s. People are often enthusiastic about greater use of nuclear power as a potential strategy for decarbonizing electricity production, as well as its theoretical potential for being able to produce electricity extremely cheaply. (Nuclear power also has some other attractive qualities, such as less risk of disruption due to fuel-supply issues, which for instance can impact natural gas plants during periods of cold.) But increased use of nuclear power has been hampered by the fact that nuclear power plant construction cost has steadily, dramatically increased over time, frequently over the life of a single project. For instance, in the 1980s ....

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